American Capital Management Inc. lowered its stake in AutoZone, Inc. (NYSE:AZO) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,093 shares of the company’s stock after selling 751 shares during the period. American Capital Management Inc.’s holdings in AutoZone were worth $2,905,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in AutoZone during the first quarter valued at approximately $104,000. Alpha Windward LLC increased its position in AutoZone by 3.2% in the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares in the last quarter. Colony Group LLC bought a new position in AutoZone during the first quarter valued at approximately $205,000. Global X Management Co. LLC increased its position in AutoZone by 26.5% in the first quarter. Global X Management Co. LLC now owns 286 shares of the company’s stock valued at $207,000 after buying an additional 60 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in AutoZone during the first quarter valued at approximately $213,000. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone, Inc. (NYSE AZO) traded up 1.60% on Friday, hitting $533.94. 373,200 shares of the stock were exchanged. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $813.70. The company has a 50-day moving average price of $528.38 and a 200-day moving average price of $650.21. The firm has a market cap of $14.97 billion, a PE ratio of 12.33 and a beta of 0.61.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.00 by $0.56. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the firm posted $10.77 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post $43.99 EPS for the current fiscal year.

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Several research firms have commented on AZO. BidaskClub upgraded shares of AutoZone from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Deutsche Bank AG reiterated a “hold” rating and issued a $550.00 price objective (down from $650.00) on shares of AutoZone in a report on Friday, July 21st. Oppenheimer Holdings, Inc. decreased their price objective on shares of AutoZone and set an “outperform” rating on the stock in a report on Thursday, July 20th. Wolfe Research downgraded shares of AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $583.00 price target (down from $658.00) on shares of AutoZone in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $775.91.

In other AutoZone news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the sale, the vice president now owns 18,500 shares in the company, valued at $10,750,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Andrew Mckenna acquired 300 shares of the stock in a transaction on Thursday, July 13th. The stock was bought at an average price of $507.00 per share, with a total value of $152,100.00. Following the transaction, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

AutoZone Company Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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